JUST IN: Buhari Signs 2022 Budget Into Law

This is coming about seven days after the National Assembly passed the appropriation bill and transmitted it to the president.

On Friday, President Buhari signed the 2022 appropriation bill into law at an event at the presidential villa in Abuja.

The appropriation bill was presented to Buhari by his Senior Special Assistant (Senate) on National Assembly Matters, Senator Babajide Omoworare.

Buhari was flanked by the President of the Senate, Ahmed Lawan; and the Speaker of the House of Representatives, Femi Gbajabiamila; while signing the bill into law.

This is coming about seven days after the National Assembly passed the appropriation bill and transmitted it to the president.

The two chambers increased the budget spending by N735.8 billion from the proposed N16.391tn to N17.126 trillion. They also raised the oil benchmark from $57 per barrel proposed by the executive to $62.

The President signed the national budget on Friday at the Council Chamber of the Presidential Villa in Abuja, the Federal Capital Territory (FCT).

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